Rehda: Malaysia’s property industry must tap into big data

The government must work with the property industry’s stakeholders to create a one-stop big data centre to enable the industry to better bridge the gap between supply and demand and predict housing trends in various areas, said the Real Estate and Housing Developers’ Association (Rehda) Malaysia president Datuk Seri FD Iskandar Mohamed Mansor.

“In terms of property transactions, transaction volume and value have been going down since 2015. However, 67% of Malaysians are below age 35. So, many are looking for properties.